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Trump Backs Off Powell, Triggering Relief Rally; Musk Backs off DOGE | Bloomberg Brief 04/23/2025
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April 23, 2025
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43:39Now PlayingStocks rise as President Donald Trump denied he would fire Federal Reserve Chair Jerome Powell. Telsa shares soar after investors' anxiety was eased by remarks from CEO Elon Musk who said he would back off from his governmental role soon. Henry Allen of Deutsche Bank says that hard data is likely to turn down in the coming months amid trade uncertainty, but that the market isn't pricing in a recession yet. Thierry Wizman of Macquarie sees stocks and the dollar rallying if tariffs were to be walked back. Stephanie Brinley of S&P Global says first quarter results show that the Cybertruck wasn't the hit Tesla had hoped for. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
(Corrects spellings of Macquarie guest's name and company)
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